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Real Estate - JANUARY 25, 2018

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KBS breaks ground with Southern Land Co. in a JV partnership for high-rise in Dallas

by Andrea Zander

KBS Realty Advisors and Southern Land Co. have started the development of a class-A multi-family apartment tower in Dallas.

The residential building is set to stand 19 stories tall and will consist of 309 units totaling 311,932 net rentable square feet. The development’s amenity package will include a resident lounge, fitness center, year-round pool, terrace and a private park. The building will also offer a garage parking consisting of 465 parking spaces.

The project is situated in the Knox/Henderson district adjacent to Dallas’ affluent Highland Park and Turtle Creek neighborhoods. The surrounding neighborhood provides a live-work-play environment filled with restaurants, shopping options and office spaces within walking distance. The property is also located less than five miles from the Dallas Love Field Airport. The location of this new luxury community will provide tenants with a true mixed-use neighborhood setting.

“This unique high-rise will be a

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